Hong Kong News

China Life IPO Expected to Raise up to $3.6 Billion

China Life Insurance Co. says it will set a price this week for an initial public offering on Chinese markets that could raise up to 28 billion yuan (US$3.6 billion; euro2.8 billion). The company would become the first Chinese insurer …

AIG Sues Former Accounting V.P., Alleging Extortion Attempt

American International Group Inc. sued a former accounting vice president last Friday, alleging she has refused to return company computers and confidential information and has attempted to “harass, extort and injure” the insurer. The insurance company filed its breach-of-contract claim …

S&P Assigns ‘A’ Rating to Mitsui (HK)

Standard & Poor’s Ratings Services has assigned its “A” counterparty credit and insurer financial strength ratings to Mitsui Sumitomo Insurance Co. (Hong Kong) Ltd. (MSIHK) with a stable outlook. “The ratings reflect MSIHK’s strategic importance to its parent. They also …

Guy Carpenter Issues Report on Impact of Typhoon Saomai

Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies announced that its Instrat(R) unit has published “Typhoon Saomai: Impact and Historical Comparison.” The bulletin notes that “in addition to providing an overview of …

Kiln Hong Kong Acquires International Reinsurance Services

U.K.-based Kiln PLC, a leading Lloyd’s insurer, announced that its wholly owned Hong Kong subsidiary, R J Kiln & Co Limited, has acquired the Hong Kong based underwriting agency, International Reinsurance Services Limited (IRS), for the benefit of Names on …

The avian flu pandemic: businesses ignore planning at their peril

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. According to Casse, the …

The avian flu pandemic: businesses ignore planning at their peril

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. According to Casse, the …

Beazley Names New Senior Underwriter of Central Region Based Chicago

Beazley Group plc announced that to strengthen its U.S. commercial property team ahead of its launch in the admitted market the company has hired Neil Brown as the senior underwriter for its central region, based in Chicago. Brown joins Todd …

Avian Flu Pandemic: Much ado about nothing?

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. Keeping that in mind, …

Avian Flu Pandemic: Much ado about nothing?

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. Keeping that in mind, …